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A final certificate is then issued by the superintendent certifying that defects ascertained during the defects liability period have been rectified. The final certificate is generally seen as evidence that the parties have completed and discharged their obligations under the contract.

Interim Payment Certificate (IPC) can provide you with the assurance that you will be paid the appropriate amount, on time and by the project scope.

The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.

The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.

Payment Certificate means a document issued by the principal agent certifying the amount due and payable by the employer to the contractor or vice versa.

A standard definition of retention money is a percentage of money that an employer or an individual holds as protection from incomplete or inaccurate work done by the hired contractor. A retention includes two levels: The hiring individual holds the money until the contract is fulfilled, and he or she is satisfied.

payment certificate constitutes a promise to pay the amount so certified. As such, if an. employer fails or refuses to pay a correctly issued payment certified, the contractor acquires. a special set of remedies in our law.

the Final Certificate in relation to the work shall mean the certificate to be issued after the period of liability is over by the Owner regarding satisfactory compliance of various provisions of the contract by the contractor.

A final certificate is then issued by the superintendent certifying that defects ascertained during the defects liability period have been rectified. The final certificate is generally seen as evidence that the parties have completed and discharged their obligations under the contract.

Interim Payment Certificate (IPC) can provide you with the assurance that you will be paid the appropriate amount, on time and by the project scope.

The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.

The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.

Payment Certificate means a document issued by the principal agent certifying the amount due and payable by the employer to the contractor or vice versa.

A standard definition of retention money is a percentage of money that an employer or an individual holds as protection from incomplete or inaccurate work done by the hired contractor. A retention includes two levels: The hiring individual holds the money until the contract is fulfilled, and he or she is satisfied.

payment certificate constitutes a promise to pay the amount so certified. As such, if an. employer fails or refuses to pay a correctly issued payment certified, the contractor acquires. a special set of remedies in our law.

the Final Certificate in relation to the work shall mean the certificate to be issued after the period of liability is over by the Owner regarding satisfactory compliance of various provisions of the contract by the contractor.